Internal Revenue Code Section 1031
The Section 1031 of the United States Internal Revenue (IRS) allows to defer the payment of taxes related to capital gains obtained in transactions of sale and exchange of real estate properties. It consists of using the money - from the IRS tax - as part of the payment of the new property and transferring the obligation of your tax for later. This operation allows the investor to have more capital to invest in the new property by including money that he should use to pay taxes. Here, experts from Riverside 1031 explain more about the Section 1031 of the United States Internal Revenue (IRS).